Tag : Intu
Retailers are only “deferring a problem” by withholding rent payments at this week’s March quarter deadlines, property experts have told Drapers.
Shopping centre owner Intu has warned of a breach of its upcoming debt covenants after it received less than one-third of UK quarterly rent payments that were due yesterday.
Coronavirus: Intu to slash service chargesSubscription
Shopping centre owner Intu is set to slash service charges for tenants in the second half of 2020, to help ease the burden on retailers during the coronavirus pandemic.
Intu in peril after £2bn lossSubscription
Shopping centre owner Intu Properties has warned it is at risk of going under after reporting a £2bn loss for the year to 31 December 2019.
Intu’s future 'hangs in the balance'Subscription
Intu needs to “move quickly” to dispose assets after a failed attempt to raise equity has left the shopping centre owner in a “precarious situation”, experts have told Drapers.
Intu secures credit extensionSubscription
Struggling shopping centre owner Intu has secured an extension to its credit facility with its lenders, on the condition that it can raise £1.3bn of equity.
Intu offloads Spanish shopping centreSubscription
Ailing shopping centre owner Intu has sold Spain’s Intu Asturias for €290m (£245.15m), as the business continues efforts to turn around its fortunes.
Retailers take action on propertySubscription
Retailers are seizing the opportunity to take “decisive action” on their property portfolios in 2020, say experts, as restructurings and company voluntary arrangements continue to put downward pressure on rents.
Intu sells Spanish shopping centre Subscription
Shopping centre owner Intu has offloaded the largest shopping centre in Spain to Spanish investment group Generali Shopping Centre Fund for €475.3m (£405m).
The great council retail property takeoverSubscription
Retail property companies are dumping assets as they seek to reduce their exposure to the sector, and councils are stepping in to buy them and taking on the risk and cost of developing them.